A Company's Culture

question 28

Multiple Choice

A company's culture:

• A)plays an important part in the development of the company's competitive advantage.
• B)generally has little effect on employee behavior due to the more powerful influence of national culture.
• C)is relatively easy to change and adapt to changing company strategies.
• D)arises more from the employees than from the founder,emphasizing the importance of the hiring process.

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Definitions:

Activity

Actions taken or work performed, typically aimed at achieving certain goals or objectives.

Profitability

The ability of a business to earn a profit, which is a financial gain that results when the amount of revenue gained from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Asset Management

The practice of strategically managing company or individual assets to increase value and achieve financial objectives.

Return on Assets

A financial ratio that indicates how profitable a company is relative to its total assets, demonstrating the efficiency of management in using assets to generate profit.